Todays upmove is again premature.. will lead to sideways movement and option premium erosion. The correct move would have been more downmove early in the morning.. and then upmove from approx 12:30 or 1 PM today.. morning upmove has spoilt the trade setup...
Banknifty FUT 26900 seems to be the key for intraday.. it took a swipe 30-35 points down from 26900 and fooled the bears..
Now it has moved up 30 - 35 points above 26900 level and might fool the intraday bulls..
Note.. Direction / trend is not visible to me currently..
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> If the policyholder surrenders the traditional plan before 2 yrs and the ULIP plan before 5 yrs, tax benefit will get reversed
> Expenses up to Rs 5000 towards preventive health checkup can also b included in total amount
> SIP closure ratio (applications for stopping SIPs as a percentage of fresh SIPs) in December was at 52%
>The applications for fresh SIPs in December slipped to 750,000, down by a third as compared to August.
This time the retailers have been lured through MF's, instead of direct participation.
Lets wait and watch when the panic starts.!
Too tight a range today, will only trade on break out/down.